【银河证券:关注黄金、原油领域的投资机会】银河证券研报称,1)黄金:美国非农数据下降,美债收益率走低,降低持有黄金的机会成本。然而,消费者信心下降,关税担忧推高通胀预期,美联储降息预期反复,多位官员释放谨慎信号。全球央行持续购金,美国部分州承认黄金为法定货币,市场对黄金长期价值看好。短期黄金高位震荡,取决于美联储政策与通胀数据,中长期仍具上涨动能,受避险需求和经济不确定性支撑。2)原油:伊朗制裁带来的供应收紧预期支撑油价,但需求疲弱仍是主要下行压力。EIA数据显示美国库存大幅增加,市场对供应过剩担忧加剧,同时美国原油产量预计持续增长。短期油价或维持震荡偏弱走势,中长期若OPEC+坚持减产,美联储宽松政策落地,需求回暖可能推动油价回升,但难以出现强势反弹。

金融界
10 Feb
银河证券研报称,1)黄金:美国非农数据下降,美债收益率走低,降低持有黄金的机会成本。然而,消费者信心下降,关税担忧推高通胀预期,美联储降息预期反复,多位官员释放谨慎信号。全球央行持续购金,美国部分州承认黄金为法定货币,市场对黄金长期价值看好。短期黄金高位震荡,取决于美联储政策与通胀数据,中长期仍具上涨动能,受避险需求和经济不确定性支撑。2)原油:伊朗制裁带来的供应收紧预期支撑油价,但需求疲弱仍是主要下行压力。EIA数据显示美国库存大幅增加,市场对供应过剩担忧加剧,同时美国原油产量预计持续增长。短期油价或维持震荡偏弱走势,中长期若OPEC+坚持减产,美联储宽松政策落地,需求回暖可能推动油价回升,但难以出现强势反弹。

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